EIA reports a rise in U.S. natural-gas supply that nearly matches market expectations

Data from the U.S. Energy Information Administration on Thursday showed that domestic supplies of natural gas rose by 51 billion cubic feet for the week ended Oct. 13. Analysts surveyed by S&P Global Platts forecast a climb of 50 billion cubic feet. Total stocks now stand at 3.646 trillion cubic feet, down 179 billion cubic feet from a year ago, and 35 billion cubic feet below the five-year average, the government said. November natural gas fell 1.2 cents, or 0.4%, from Wednesday’s settlement to $2.842 per million British thermal units, down a bit from $2.861 before the data.

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From:: Stock Market News

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